Daily news

Daily Business news, Financial news & World news

OSLO (Reuters) – Norway’s Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares but scuppering its U.S. expansion plans.


More:
Yara exits Terra battle, shares rise

(Reuters) – Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.


More:
Stock futures mixed ahead of retail sales data

PAJU, South Korea (Reuters) – Flat-screen maker LG Display will spend $1.3 billion to raise output and help meet robust customer demand and is betting on booming premium LCD TV sales to drive strong growth this year.


Excerpt from:
LG Display to spend $1.3billion to up output

OSLO (Reuters) – Norway’s Yara International said on Friday it would not raise its offer for Terra Industries to match or exceed a rival bid from CF Industries Holdings Inc .


Read more here:
Yara says will not raise Terra offer

SINGAPORE (Reuters) – Asian stocks edged up on Friday, heading for a fifth straight week of gains, with energy stocks outperforming as oil held above $82 a barrel.


Credit:
Asia stocks head for 5th straight week of gains

WASHINGTON (Reuters) – U.S. President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.


Originally posted here:
Obama to tap Yellen for Fed vice chair: source

DETROIT/WASHINGTON (Reuters) – Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp’s U.S. sales in early March, as U.S. regulators weighed new auto safety measures.


Read the original here:
Toyota discounts boost sales

NEW YORK (Reuters) – The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.


See more here:
S&P 500 hits 17-month high as banks lift Wall Street

NEW YORK (Reuters) – The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.


More:
S&P 500 hits 17-month high as banks lift Wall Street

NEW YORK (Reuters) – The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.


Original post:
S&P 500 hits 17-month high as banks lift Wall Street

NEW YORK (Reuters) – The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.


Credit:
S&P 500 hits 17-month high as banks lift Wall Street

SINGAPORE (Reuters) – Asian stocks edged up on Friday, heading for a fifth straight week of rises, with energy stocks firm as oil held above $82 a barrel and financials ticking higher after U.S. talks to force broad banking reform collapsed.


Here is the original:
Asia stocks head for 5th week of gains

NEW YORK (Reuters) – Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.


View original post here:
Examiner sees accounting gimmicks in Lehman demise

HOUSTON (Reuters) – White House economic adviser Larry Summers said on Thursday that the United States is “very close” to the point where job growth can begin. (Reporting by Chris Baltimore; editing by Carol Bishopric)


Credit:
U.S. “very close” to job growth: Summers

WASHINGTON (Reuters) – President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen to be vice chairman of the central bank, a source familiar with the process said on Thursday.


Go here to see the original:
Obama to tap Yellen for Fed vice chair:source